i think we are doing just fine and that the worst is over. i am bullish on energy and would not be surprised if nexen flourishes over the next few years. yet, anything is possible and layoffs are certainly always a variable in the overall equitation - give the current performance i'd say that workforce reduction is unlikely but possible.
Layoffs are definitely possible given the fact taxi chits were handed out yet again today...
Nexen is doing "just fine"? LNG is finished, meaning development of NEBC assets is now stalled. No upgrader = taking lower prices for production in Long Lake. The company is a disaster that a few exploration discoveries will never fix.
That Kool-Aid must be quite strong.